Herman Cain’s new 999 plan is broad vision for reviving cities
Herman Cain’s new approach to reviving cities, announced Friday morning in Detroit, where my colleague Perry Bacon was there to listen, is not so much a plan as it is a broad vision for jumpstarting the economy in some of the hardest-hit areas.
Hit with criticism that his 9-9-9 tax overhaul would unduly burden lower-income Americans, Cain has tweaked the approach.
The new plan calls for reviewing regulations like building codes, and suggests that “prevailing wage laws unfairly restrict the supply of labor.” It also establishes opportunity zones around the country designed by local stakeholders.
It’s unclear whether the leading Republican presidential contender, who was the target of criticism from his GOP colleagues in a debate last Tuesday because they argued that his tax plan would actually increase government revenues, will be able to effectively address these criticisms with his revised version.